BUSINESS

IMF Mission to Visit BiH

MMF_4468_0_0_468X10000The International Monetary Fund (IMF), led by Ron van Rooden, will be in BiH from 15-24 May in order to hold discussions as part of the third review of the Stand-By Arrangement, announced Ruben Atoyan, the Resident Representative of the IMF in BiH.

The Stand-By Arrangement was approved on 26 September 2012 to support the economic program of the BiH government for the period of 2012-2014 in the amount of 403,8 million euros or 518,9 million US dollars.

The IMF concluded the first and second review of the Stand-By Arrangement on 19 December 2012 and 6 May of this year.

Until now, 155,6 euros or around 203 million US dollars have been allocated.

(Source: Fena)

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